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Posted 14 June 2012 - 01:29 PM
Posted 14 June 2012 - 02:38 PM
Posted 14 June 2012 - 03:30 PM
Posted 15 June 2012 - 10:24 AM
Posted 19 June 2012 - 11:31 AM
Posted 20 June 2012 - 01:02 AM
I sold all of my hard IQD and opened a Warka account. Warka is sketchy but so is this whole investment. My fear was that they will close the border when they RV/RD or whatever they deicde to do.
BTW...I am earning 10.5% on my money in Warka...if I can ever get it out. lol
Posted 20 June 2012 - 08:58 AM
My advice is not to use long term CDs as to the best of my knowledge you cannot access the funds to shift into US funds if it RVs. This is especially important if the RV isnt sustainable, looses ground and the gain cannot be held in the transfer to US funds within your online account.
Applications can be made to warka to break the CD but I believe all interest is lost. And they could take forever and the opportunity may be missed.
I haven't had any term deposits longer than 6 months. Keeping it on float at the moment so I have access. I Consider the Late August /sept period a RV window but also see volatility in the IQD so it would be a very good idea to pay close attention if it starts to slide after any form of RV. Not expecting a big one first time round
Thats my opinion for what its worth
Posted 20 June 2012 - 10:29 AM
Posted 21 June 2012 - 10:06 AM
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